STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo idled along all day long without printing any numbers. The bears are favored. For the SPX tomorrow starting at 1316, the bulls need to only push a few pennies higher to touch 1316.40 and the upside party will continue with bulls well on the way to a sturdy recovery rally.  So look for the slightest hint of green in the overnight futures and the bulls are on easy street for Tuesday trading.  The bears need to push under 1296 to accelerate the downside. The critical 12-month MA is 1293.46, moving up slightly from 1292 yesterday.  This remains the bull-bear line in the sand. Bad things will happen to markets if the 12-month MA fails. The importance of the 1292-1296 area cannot be understated. A move thru 1297-1316 is sideways action.

5/27/12; 7:00 PM EST =

5/25/12; 10:00 AM EST =

5/20/12; 7:00 PM EST = -30 signal line -3

5/16/12; 1:25 PM EST = -30 signal line -1